Diamond Resorts International, Inc. and Affiliates of Certain Funds Managed by Affiliates of Apollo Global Management, LLC Announce the Closing of the Previously Announced Transaction amongst the Parties

LAS VEGAS--(BUSINESS WIRE)--Diamond Resorts International, Inc. (“Diamond Resorts” or the “Company”) (NYSE:DRII) and affiliates of certain funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE:APO) today announced the successful completion of the previously announced transaction amongst the parties, whereby affiliates of the Apollo Funds acquired all of the outstanding common stock of Diamond Resorts. The acquisition was effected through a previously announced $30.25 per share cash tender offer for all of the outstanding shares of common stock of Diamond Resorts followed by a merger.